9. INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2012			2011
Current:
Federal	$	932,755		$	1,001,173
State and local		418,450			608,978
		1,351,205			1,610,151
Deferred:
Federal		(303,030	)		(265,334	)
State and local		(46,061	)		(160,757	)
		(349,091	)		(426,091	)
	$	1,002,114		$	1,184,060

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2012			2011
Deferred tax assets:
Deferred loan fees	$	102,143		$	101,458
Excess book allowance for loan losses		666,048			426,310
Nonaccrual loan interest income		418,068			272,614
Other		570,879			607,665
		1,757,138			1,408,047
Deferred tax liabilities:
Unrealized gain on available for sale investment securities		(1,226,741	)		(1,309,447	)
Net deferred tax asset/(liability):	$	530,397		$	98,600

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2012				2011
Federal income tax provision at statutory rates	$	744,707	34.0	%	$	893,694		34.0	%
State and local taxes, net of Federal income tax benefit		245,777	11.2			295,826		11.3
Other		11,630	0.5			(5,460	)	(0.2	)
	$	1,002,114	45.7	%	$	1,184,060		45.1	%